Hi, NewsWrap for October 05, 2023

05-October-2023: Fairtrade India, PUSA 44, Pearl Millet, Indian Japan Fund Launches $600 Million Climate Fund, National Turmeric Board

5 October 2023

  • Fairtrade India's INR 23.93 Crores in Sales Sparks Sustainable Revolution at First National Conference

    Fairtrade India, in collaboration with the Fairtrade Network of Asia Pacific Producers, has successfully wrapped up India's first-ever National Fairtrade Conference. This milestone event marks a significant leap towards nurturing sustainable and ethical commerce in India. It highlighted the burgeoning awareness and engagement with the Fairtrade Label across various sectors. Independent research, commissioned by the organization, unveiled a substantial increase in awareness of the Fairtrade Label among SEC A consumers in metropolitan areas, soaring from 10 percent in 2019 to an impressive 25 percent in 2022. The two-day conference held on 5th & 6th October, 2023 at Pullman Hotel, Aerocity, New Delhi convened over 150 delegates from diverse segments of the Fairtrade ecosystem, including businesses, producers, partner organizations, industry experts, educational institutions, and consumers.

  • Pioneering Progress in Pearl Millet: Corteva Agriscience - ICRISAT - ICAR Collaboration Redefines Global Food Security

    In an era characterized by a growing global population and concerns about climate change, a joint research initiative involving Corteva Agriscience, the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), and the Indian Council of Agricultural Research (ICAR) was initiated. This research has achieved a significant milestone by resequencing the genomes of pearl millet. This innovative approach has resulted in the creation of new molecular markers, paving the way for the development of millet varieties that offer exceptional yield performance and improved nutritional quality.

  • Indian Japan Fund Launches $600 Million Climate Fund Focusing On Reducing Carbon Emissions

    The National Investment and Infrastructure Fund (NIIF) has joined forces with the Japan Bank for International Cooperation (JBIC) to establish a $600 million fund known as the India-Japan Fund (IJF). In this collaborative effort, JBIC and the Government of India (GoI) will serve as anchor investors. This joint venture highlights a significant aspect of cooperation between the two nations in an area of mutual importance, namely, climate and the environment. This announcement marks the inception of NIIF's inaugural bilateral fund, with the GoI contributing 49% of the target capital and the remaining 51% being provided by JBIC. NIIF Limited (NIIFL) will oversee the management of the fund, and JBIC IG (a subsidiary of JBIC) will assist NIIFL in promoting Japanese investments in India.

  • PUSA 44 Paddy Variety Ban In Punjab Starting from the Upcoming Kharif Season, Here is Why

    Punjab Chief Minister Bhagwant Mann announced that the state government has taken the decision to prohibit the cultivation of the water-intensive PUSA-44 variety of paddy crop starting from the upcoming Kharif season. After officially commencing the paddy procurement operations in the state, Mann also appealed to farmers to discontinue the practice of burning stubble. He instructed the food, civil supplies, and consumer affairs departments to ensure a smooth and trouble-free procurement process during the current Kharif Marketing Season, which begins on October 1. Mann emphasized the government's commitment to purchase every grain from the farmers while urging them to avoid planting the PUSA-44 variety due to its longer ripening period and higher crop residue production.

  • Government Notifies Establishment of National Turmeric Board to Boost Turmeric Sector

    In a significant move to enhance the development and growth of the turmeric industry, the Government of India has officially established the National Turmeric Board. The newly formed board is expected to play a pivotal role in promoting turmeric and turmeric products, further harnessing the potential of this versatile spice, and expanding its global reach. The National Turmeric Board's primary mission is to provide leadership in all matters related to turmeric, coordinate with relevant government agencies, particularly the Spices Board, and spearhead efforts to advance the turmeric sector within the country. This strategic initiative is set to capitalize on the growing global interest in the health and wellness benefits of turmeric and exploit the spice's full potential for the benefit of humanity.

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5 October 2023

That's it for for 5 October 2023
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